This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
2-bedroom, 1-bathroom apartment of 78 m², energy rating C. Located Portimão parish, Portimão municipality, Faro district. Notable Features: This apartment includes two balconies, one of which is a private retreat accessible from the master bedroom, enhancing outdoor living space in the Algarve climate.
The valuation. The asking price of €259,500 sits €111,402 (42.9%) above the fair value of €148,098. This property is priced significantly above its fair value, indicating it is overpriced.
Fair value modelled at €148,098 from the area baseline, adjusted for condition and location. Asking €259,500 sits €111,402 (42.9%) above — overpriced versus fair value.
Asking €259,500 versus the Portimão, Portimão, Faro area baseline of €252,564 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 72 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 80 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €252,564 + condition +€244 + location +€13,928 = modelled fair value of €148,098 (€1,899/m²), a €111,402 (42.9%) gap versus the €259,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · f35fee | Subject | €259,500 | €3,327 | — | 72 | 76 |
| Portimão · 49b7ed | Active | €310,000 | €4,493 | 35.0% | 80 | 68 |
| estrada de Monchique | Active | €268,900 | €3,841 | 15.5% | 71 | 71 |
| rua das Oliveiras, 49A | Active | €218,000 | €3,633 | 9.2% | 70 | 62 |
| rua Trabucho Alexandre, 16 | Active | €240,000 | €3,288 | 1.2% | 72 | 70 |
| Median comp | €254,450 | €3,737 | 12.3% | 72 | 69 |
Short-term vacation rental The property is overpriced by 42.9%, which diminishes its potential return on investment for short-term vacation rentals in the Algarve's competitive market. With a gross yield of only 4.5%, the financial viability of this strategy is questionable given the current valuation. Buy-and-hold The 2-bed apartment in Portimão is significantly overpriced at €259,500, with a fair value of €148,098, suggesting limited appreciation potential for long-term holding. This elevated pricing could adversely impact its long-term cash flow and overall investment returns in a tourism-driven market. Family rental At a price point that is 42.9% above its fair value, this property may not attract families looking for reasonable rental options in a tourism-centric area. The gross yield of 4.5% further supports the notion that the investment lacks adequate financial attractiveness for family rentals in the current market conditions.
Economic Vulnerability A score of 65/100 in economic stability indicates potential volatility in income and investment conditions that could adversely affect property value.
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